House loan principle amount 1yr 15000Interest paid

This question was asked in More than One Property Self Occupied

House loan principle amount 1yr 15000
Interest paid 75000

Then lose of property (-) 75000
And u/s 80c claim 15000
????

Amrinder Singh

July 29, 2017, 8:42 p.m.

Answers!

Johnny Depp

July 29, 2017, 10:54 p.m.

That's correct, Amrinder... Interest on borrowed house loan shall be shown as loss from property and principal shall be deducted u/s 80C deductions.

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